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- Manchester City remain favourites to win the Champions League this year
- Arsenal shorten into 6/1 to win the competition for the first time
- The full draw for the Round of 16 was done on Monday morning
Manchester City remain favourites to win the Champions League this year
The Round of 16 draw for the UEFA Champions League has been made on Monday morning and there hasn't been much change in the outright winner market for the competition.
Holders Manchester City remain favourites with UK Betting Sites to win the whole thing after being drawn against FC Copenhagen in the first knockout round.
Bayern Munich are 4/1 second favourites with Harry Kane looking to return to London in the summer for the final, which is set to be held at Wembley Stadium.
Bet365's latest betting market suggests there's a 34% chance of Man City winning back-to-back Champions League trophies after they beat Inter Milan in last season's final.
| Champions League Winner 23/24 | Odds | Probability |
|---|---|---|
| Manchester City | 15/8 | 34.8% |
| Bayern Munich | 4/1 | 20.0% |
| Real Madrid | 11/2 | 15.4% |
| Arsenal | 6/1 | 14.3% |
| PSG | 12/1 | 7.7% |
Arsenal shorten into 6/1 to win the competition for the first time
Arsenal are one of the in-form teams in Europe and their odds have shortened from 9/1 into 6/1 to win the Champions League for the first time in their history.
The Gunners have been given a favourable draw with Porto set to face them over two legs in February and March next year.
Mikel Arteta's side remain the 4th favourites in the competition to win the whole thing with the latest odds suggesting a 14% probability of them winning.
Champions League Betting Guide (Odds, How to, Contenders, History)
The full draw for the Round of 16 was done on Monday morning
The Round of 16 draw for the Champions League was completed on Monday morning by UEFA officials and John Terry.
Group winners are all seeded and can not be drawn against teams with the same nationality and the team that finished second in their group.
The Round of 16 draw in full is:
- Porto vs. Arsenal
- Napoli vs. Barcelona
- PSG vs. Real Sociedad
- Inter vs. Atlético
- PSV vs. Dortmund
- Lazio vs. Bayern
- Copenhagen vs. Man City
- RB Leipzig vs. Real Madrid
